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Ex-Dividend Date Insight: Bank7

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On March 9, 2021, Bank7 (NASDAQ:BSVN) announced shareholders can expect to receive a dividend payable on April 8, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Bank7 has an ex-dividend date planned for March 22, 2021. The company's current dividend payout sits at $0.11. That equates to a dividend yield of 2.36% at current price levels.

The Significance Of An Ex-Dividend Date

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Understanding Bank7's Dividend Payouts And Yields

Over the past year, Bank7 has seen its dividend payouts climb upward and its yields trend downward. Last year on March 30, 2020 the company's payout sat at $0.1, which has since increased by $0.01. Bank7's dividend yield last year was 6.17%, which has since decreased by 3.81%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

To read more about Bank7 click here.

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